Board Resolution for Authorization of Share Buy-Back

Document Type: DOCX

Number of Pages: 2

Price: KES 200

Summary

This is a Board Resolution that records the directors’ decision to authorize and recommend a share buy-back, while acknowledging that final approval must come from shareholders through a Special Resolution, as required under the Companies Act, 2015.

Purpose:

To formally empower the company to purchase its own shares from existing shareholders.

To confirm that the buy-back complies with statutory requirements (solvency test, use of distributable reserves, proper filing).

To protect directors by recording due process and legal compliance.

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Disclaimer: This document is not to be taken as legal advise.

Board Resolution for Authorization of Share Buy-Back

Summary

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